Fidelity exits 1.3% in Meesho for Rs 988 crore as Q4 losses narrow
Fidelity Investments offloaded 5.98 crore Meesho shares at Rs 165 apiece via NSE bulk deals, raising Rs 988 crore. The Bengaluru e-tailer's Q4 net loss shrank to Rs 166 crore even as revenue jumped 47% to Rs 3,531 crore, with a fresh Rs 100 crore push into Meesho Payments.
What happened
Fidelity Investments sold a 1.3% stake in Bengaluru-based e-commerce firm Meesho for Rs 988 crore via open market bulk deals on NSE, with shares priced around
Key facts
- 1.3% stake
- Rs 988 crore
- 5,98,16,300 shares
- Rs 165.18-165.21 per share
- Q4 net loss Rs 166.34 crore
- Q4 revenue Rs 3,531.21 crore
- 47.13% revenue growth
- Rs 100 crore investment in Meesho Payments
Why this matters
A 1.3% block clearing cleanly via NSE bulk deals at firm pricing confirms deep secondary demand for pre-IPO Indian e-commerce paper, opening a window for strategic stake-building or PIPE structuring before the listing.